CEO & CIO, Summit Global Investments
5 dated public stances tracked since 2022-06-21, most recently 2022-06-21. Each line carries the date and the venue it came from; quotation marks mean verbatim. Methodology.
The stances below are c8alpha's editorial distillation of David Harden's public commentary — television, podcasts, and interviews — compiled by automated transcript analysis and dated to the episode they came from. They may lag the speaker's current view and may contain extraction errors. Text in quotation marks is verbatim from the episode; everything else is our paraphrase. David Harden is not affiliated with c8alpha and has not endorsed this page. Nothing here is investment advice.
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Returns 90d +11.4% 100% correct · 5 calls · 180d +15.9% 80% correct · 5 calls · 1y +20.8% 80% correct · 5 calls
Raw direction-aware returns on public statements — long calls credited when the price rose, shorts when it fell, shorts capped at −100% — in a rising market this mostly measures who was long, not who has skill. Returns run from the stance date; calls are rarely closed publicly, so fixed 90-day / 180-day / 1-year horizons are used. A horizon shows only once it has fully matured, and only at 5+ scored stances. “% correct” is the share of those scored calls whose direction-aware return was positive at the horizon — in a rising market a bullish call is correct by default, so read it beside the market, not alone.
Scored calls
Every tracked call with at least one matured horizon: the rows behind the Returns
line above. A dash is a horizon that has not matured yet.
| Date | Name | Call | 90d | 180d | 1y |
|---|
| 2022-06-21 | ZM | bearish | +31.2% | +39.3% | +41.2% |
| 2022-06-21 | MCK | bullish | +13.0% | +21.7% | +34.7% |
| 2022-06-21 | IBM | bearish | +6.2% | -3.2% | -2.0% |
| 2022-06-21 | HSY | bullish | +4.1% | +10.2% | +22.5% |
| 2022-06-21 | ENERGY | bullish | +2.7% | +11.6% | +7.6% |
Most-argued themes
| Theme | Stances | Lean | Mix | Last |
|---|
| ENERGY | 1 | | 1 bullish | 2022-06-21 |
| HSY | 1 | | 1 bullish | 2022-06-21 |
| IBM | 1 | | 1 bearish | 2022-06-21 |
| MCK | 1 | | 1 bullish | 2022-06-21 |
| ZM | 1 | | 1 bearish | 2022-06-21 |
Tracked stances
bullish / bearish is a view they argued; owns / short is a position they said they hold.
2022-06-21
ENERGY
bullish
Fox Market Check (playlist) · video
Gas prices are not declining and Exxon offers a ~4% yield with a 15 P/E, making it cheap relative to its yield in the current rate environment
“exxon mobil is doing great i mean it has nearly a four percent yield it's still that's a great yield”
90d +2.7% · 180d +11.6% · 1y +7.6%
Investors must hold this energy position throughout the summer: Expert
2022-06-21
HSY
bullish
Fox Market Check (playlist) · video
Recession-resistant consumer staple with strong USD tailwinds; consumer staples do well in downturns and Hershey's revenue is primarily domestic
“if we're gonna go into a recession we're probably going to eat more chocolate”
90d +4.1% · 180d +10.2% · 1y +22.5%
Investors must hold this energy position throughout the summer: Expert
2022-06-21
MCK
bullish
Fox Market Check (playlist) · video
Defensive, quality earnings compounder that benefits from a strong USD environment and performs well in recessionary periods
“you want to have your money invested in very quality high convicted earnings type of companies”
90d +13.0% · 180d +21.7% · 1y +34.7%
Investors must hold this energy position throughout the summer: Expert
2022-06-21
IBM
bearish
Fox Market Check (playlist) · video
IBM derives substantial revenue overseas that must be translated back into USD, making it a direct loser from a strong dollar environment driven by Fed rate hikes
“ibm a lot of the revenue come from overseas you want to be really really careful there”
90d +6.2% · 180d -3.2% · 1y -2.0%
Investors must hold this energy position throughout the summer: Expert
2022-06-21
ZM
bearish
Fox Market Check (playlist) · video
Pandemic-era tailwinds are fully spent as workforces return to offices, removing the demand driver that supported elevated revenue
“the pandemic and how we treat the things are over you see a lot of workforces wanting to come back to work”
90d +31.2% · 180d +39.3% · 1y +41.2%
Investors must hold this energy position throughout the summer: Expert
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